Bank of Italy/NoMad Hotel
(Los Angeles, CA)

After two years of construction that began in 2016, the NoMad Hotel officially opened its doors in January 2018.  The former Bank of Italy building has been adaptively reused as a chic hotel in the central core of downtown Los Angeles.

Located at the corner of Olive and 7th Street in Downtown Los Angeles, Giannini Place was the Los Angeles headquarters for the Bank of Italy. The Bank of Italy was established in 1904 by Amadeo Giannini. Originally headquartered in San Francisco, the bank directed its services towards working class Italian Americans. In the early 1920s, Giannini decided to move its headquarters from San Francisco to Los Angeles. Acclaimed architecture firm Morgan, Walls & Clements was commissioned to design the new bank. Designed in the neoclassical style, the 12-story building features Doric columns, marble floors and an ornate golden-coffered ceiling in the main lobby.

In 2015, Sydell Group purchased the building, which had been abandoned. Working with KFA, the team drew up plans for an ambitious rehabilitation of the historic bank into a modern boutique hotel. The location now accommodates 250 guest rooms, a rooftop pool and event deck, and a street level restaurant and bar space.

Spectra Company collaborated with Sydell Group, RD Olsen, and KFA to restore the 1920’s era structure. Spectra Company restored the exterior terra cotta and brick to reflect their period of significance.


  • Terra Cotta Restoration
  • Brick Restoration
  • Portland Cement Plaster Restoration
  • Exterior Metal Restoration

Design Team

Owner: Sydell Group
Original Architect: Morgan, Walls & Clements
Historic Architect: KFA
Historic Preservation Consultant: GPA Consulting
Civil Engineer: KPFF
Structural Engineer: Nabih Youssef & Associates
Electrical/Mechanical Engineer: Creative Engineering Group
General Contractor: R.D. OIson Construction Inc.
Restoration Contractor: Spectra Company

The Greenest Building Is One That Already Exists